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RE: An interesting income source on Hive – Providing Liquidity

in #tribes10 days ago

Nice never took a look in swap hive and swap usdt which sounds amazing! However, if swap.hbd market already suffers is the lack of liquidity!! I get some swap.hbd and it is tough to sell it for swap hive, and just saw thay swap.usdt suffers from the same so if you buy 1swap.usdt it doesnt mean that you are buying exactly 1 usdt! Right now to buy 1 swap.usdt the price is around 41 cents per hive while the internal market is almost 1 cent bellow for hbd!

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The price of these different swaps is definitely not always close to peg. The reason is mainly that not many people know about these pools and it always takes some time before arbitrage happens and the prices rebalance.

Yes, you need to be patient so as not to overpay the token!